Benkadi Group

The BENKADI group consists of six married women averaging 36 years of age and four children each. They live in extended traditional families with their husbands, other wives, brothers and sons in the district of MASSABLACOURA, city of Bougouni. They know one another as neighbors and friends, and through their trade activities. They sell apparel, second-hand clothing, etc.

They joined the microfinance institution Soro Yiriwaso to strengthen their working capital and better run their business activities. This is their first loan.

FATOUMATA, standing first at the far right, buys and sells second-hand clothing. She will use her loan to buy three bales of second-hand clothing from Bamako wholesalers. She conducts her retail sales at the market and from her home, for cash or credit, to a clientele consisting mainly of women.

She expects to earn an average monthly profit of 30,000FCFA, which she will use to invest in her activity and to repay her loan.

Additional Information

Important Information

Soro Yiriwaso is a microfinance institution that works primarily in rural and semi-urban areas of Mali to provide underprivileged communities with access to financial services.The organization facilitates access for disadvantaged clients, particularly women, to new resources and services, fostering solidarity and cooperation among its clients. Kiva lenders’ funds will enable Soro Yiriwaso to expand its outreach and target even more underserved Malians involved in business and agriculture.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.